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CNBC
Nov 1, 2012 5:00am EDT
>>> these are your headlines. >> a tough start to a new month for equities as all through u.s. indexes snap a four month winning streak in the first day of trade after the market shut down. >> campaigning resumes as the northeast assesses the damage from super storm sandy. good and big earnings day for oil giants giants. shell sees a fall and exxonmobile due to report before the opening bell. >> growth recovery may be near. official october pmi bouncing back into expansion territory. >>> we're under way just one hour and an awful lot to to get to. >> new york city still struggling to right itself after monday's super storm. one stap he have the big apple will return, the mta will resume partial subway service on 14 lines. la guardia airport will also reopen at 7:00 a.m. with limited service. amtrak says it will try to restore service to penn station come friday. >> homes in bay ahead are seriously damaged or destroyed. president obama got a firsthand look with governor chris christie yesterday afternoon. >> and danielle lee joins us, she's in the town of toms river. and we kn
CNBC
Nov 8, 2012 4:00am EST
in the u.s. we'll head out to new york city later in the show for a preview of what to expect on wall street today. and more than 2,000 hand picked chinese delegates gathered at the great hall of the people to kick off the communist party week long transition. beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really was just reading through the work report to talks about the achievements, the economic and political achievements that the party has had. and also to outline the future challenges. one of the first challenges you had already addressed is the issue of corruption. he said the government needed to do more to root it out. >> eunice, we're having tr
CNBC
Nov 20, 2012 12:00pm EST
by the charges of the u.s. attorney. we will take you there live as well. but first, we meet the traders for the hour. steven weiss, joe and john naje najerayan, so a lot of digest. steve, you have this market rally, trying to go for a third straight day. going to be listening closely to the fed chairman in new york. >> i don't think bernanke is going to affect the rally one way or the other. what's driving the market is optimism over avoiding fiscal cliff and a deal, so the caution i would offer is that negotiations are going to make their way to the headlines and just be prepared for volatility. i think now, this allows us to move higher because the big decline we have, but at some point, you've got the say okay, we're going to get some big sells in front of the new tax laws. we've seen big dividend payments. you also have to watch dividend stocks, but it's not going to be smooth sailing going forward. >> joe, you can get some clues today on future stimulus. by the fed when he spoke speaks in manhattan. also likely get questions about the fiscal cliff. >> absolutely and i think there i
CNBC
Nov 23, 2012 9:00am EST
to point that out. >> we'll consider him the leading edge. >> thank you for joining us. thank you. everybody else, enjoy the rest of your weekend. we'll see you back here on monday. "squawk on the street" begins right now. ♪ have a holly jolly christmas it's the best time of the year ♪ ♪ i don't know if there will be snow but have a cup of cheer ♪ ♪ have a holly jolly christmas ♪ and when you walk down the street ♪ >> bargain hunters starting to hit the malls across the country rushing to get in and get a jump on the holiday shopping season. will it be the strong start retailers are counting on? welcome to "squawk on the street" this day after thanksgiving. hope you had a great holiday. i'm melissa lee along with brian sullivan a sulliv sullivan. let's look at how we're up for this abbreviated session. this is historical tendency in terms of the period between thanksgiving and december 3rd. most of the time we are higher in the markets and we're seeing that play out so far in future. look at the picture in europe. a surprise increase in german business confidence the
CNBC
Nov 12, 2012 4:00am EST
say the central bank likely to hold off until after the federal reserve is due to meet. joining us for more is global chief officer of global equities. and head of japanese research at jpmorgan securities. i suppose the question is whether this contraction here in the third quarter will be followed by another one in the fourth. >> it looks quite likely. you've got bad news on exports continuing and you've got on on top of that now a contraction in public spending beginning to come through. the boost we got after the weak construction from the disaster, that's now bapeaking out. so public demand and economic demand likely to drag us. >> and how much is domestic relying on government support? >> the domestic private side is actually doing really differencely okay. one data point here, you find that mortgage lending is actually growing now for six or seven consecutive months and that shows you that they're opening their purse spritrings little bit. but overall you're really looking at slight contraction in the economy. >> what extra pressure does this put on the government and the ban
CNBC
Nov 13, 2012 4:00am EST
.1 million barrels a day. impact of hurricane sandy in the u.s., reduced, as well. crude oil supply dipped to a nine month low. so the demand being cut, patrick armstrong is where us, managing partner at investment managers. but that's clearly because of global weakness -- well, economic weakness in europe and hurricane impact. >> definitely. year over year, oil demand is up. we've had very weak economy in europe. not much growth in the united states. but i think that's the trend we'll be playing out for the next few years. >> oil 110 at the moment. is that a fair price? >> there's premium built in because of geopolitical risks. i think premium is probably justifiable. you look at wti at $23 discount to where breptd is. that's not sustainable in the long time, but given inventory levels, that will stay. >> do you keep your trade on oil? >> we have neutral position, but we're short the front month. respe respect. we make money by rolling the contracts the other way around. we're long oil in the 12 months forward rolling in to the 13th month and we end up with little more oil with that strat
CNBC
Nov 20, 2012 9:00pm EST
army had been stolen from the ministry of defense by the very people the u.s. entrusted to run it. >> that's a lot of money. >> it's one of the biggest thefts in history, i think. >> most of the iraqi officials involved, including the former minister of defense, have skipped the country, but we found one of his deputies vacationing in paris. if you went back to baghdad, you'd be arrested. >> uh, no. nobody will arrest me. they will kill me. [ticking] [camera shutter snaps] >> these surveillance photos were taken by undercover police officers while they watched a team of seven south american thieves clean out an old navy store. >> shirts at $22.50, and they got the whole rack. >> when police moved in to make the arrest, they found enough merchandise to fill a room. all taken in less than an hour without anyone inside the store noticing a thing. [ticking] >> we have never seen a problem of this size and magnitude in world history. >> now hang on. in world history. >> there's more counterfeiting going on in china now than we've ever seen anywhere. >> name an american brand. any brand
CNBC
Nov 2, 2012 4:00pm EDT
a shortened week. let's bring in our guests for their take on what went on. with us now, chip dixon, jeff cox, and rick santelli. nice to have you on the program. thanks for joining us. chip, let me begin with you. haven't see you in a little bit. we used to talk long ago when you were at a different firm. welcome back to cnbc. >> thank you. >> you are the director of research discern. what is your research telling you here about where we are in this market and in this cycle for the economy? >> well, it tell us that the housing sector is improving and the residential side. commercial permit activity, which we see, has gone up, it's kind of plateauing. it tells us we're dealing with a lot of uncertainty out there. there's a tremendous amount of pent-up capacity in corporate america if we can just get the right fiscal policies in place. this economy could do well. >> do you think things loosen up after the election when we know who the president will be? >> i think it depends. then we're going to have more clarity on the policies. what we want in place are constructive growth oriented fiscal po
CNBC
Nov 1, 2012 6:00am EDT
adp employment report. mark zandi will deliver the report to us first on cnbc. let's get over to andrew with more of today's top stories. >> joe, i think actually we're going to go and talk to mary thompson. as new jersey begins to recover, gas lines are growing. mary thompson is on the new jersey turnpike this morning. mary, good to see you. but there's been a lot of lines and a lot of people talking about this. >> reporter: yeah, very frustrating situation. take a look behind me, you can see the line at the vince lombardi station. and what you can't see is that it stretches down just about a half a mile to the entrance to this rest stop. our cameraman waited in line to get gasoline, he said it took him about 25 minutes. and brian sullivan drove past it yesterday and said the line was at least 200 cars deep. similar scenes like there are being played out all over new jersey as well as long island. residents driving across state lines to find gas, others expressing increasing frustration with the situation. >> impossible. can't get it. and we have no lights on, so i have to ge
CNBC
Nov 13, 2012 1:00pm EST
that bring us any closer for farther away from a deal? the cliff, a deal. millions of us use the product he invented, this man, right here, to keep our computers safe from virus. as we first reported yesterday, john mcafee is on the run in central america. he is wanted for murder. we have new information this hour, including his side of the story. >>> and tens of thousands of people are still without power in the 12 wealthiest counties in the country. my mere and father-in-law got theirs back last night, but they still have no heat, no hot water and no laundry. we sent gary gam minute ski into the mess in his home up to with two cameras and what he came back with will stun you. sue is live at the new york stock exchange. sue? >> i have seep a little bit of that ty, you don't want to miss gary's story in a few minutes much the markets have been up and down on either side unchanged today. right now the dow is in the green by 22 points, the s and p up about 2.75 points. nasdaq negative by a quarter percent. gold market, a little profit taking there, well up above the 1700 level. west texas int
CNBC
Nov 26, 2012 5:00pm EST
. >> as far as fiscal cliff goes. we'll keep that conversation going tomorrow. thanks for joining us here on "closing bell." >> that does it for the "closing bell." coming up next, "fast money" starts right now. >>> wall street screams before the year is up, buy stocks. >> all upgraded today. should you be buying the hype on some of the most beaten down names on the street? >> can you compete if the rest of the street is on the inside while you are looking in. >> mathew benefit with his attorney moments ago. a hearing to set bail at $5 million in the complaint it says he traded on a pivotal trial. >> that's where we come in to level the playing field. "fast money" starts right now. >>> and live from the nasdaq market site in new york city's times square i am mandy standing in for melissa lee. here are tonight's top three trades. retail mobility. the whole weekend was an online shopping event. and hain fights back. we have the ceo on the show with his take plus cliff hanger. it is the cloud hanging over investors. should you be encouraged by the latest comments out of washington. let's get
CNBC
Nov 5, 2012 6:00am EST
kate kelly will join us from new jersey in just a moment. also among our guests, john ike burger of the national association of convenience stores. his members sell 80% of all the gasoline in the united states. now making the cleanup and recovery even more difficult, we have forecasters warning that a harsh nor'easter is on the way. we'll have a live report from the weather chan nenel in 20 minutes. amid all the problems is tomorrow is election day. the candidates are making a final push in six swing states. the latest poll shows the race is in a dead heat. barely favoring the president in most cases. reuters is reporting similar margins in florida, virginia, colorado and ohio. >> governor romney has been having a tough time here in ohio because everybody knows he was against saving the auto industry. you don't scare people just to scare up some votes. >> i can't wait for us to get started. he's hoping we'll settle. americans don't settle. we build, we aspire, we dream, we listen to that voice that says we can do better. >> john harwood will join us with more. and then we'll focu
CNBC
Nov 5, 2012 9:00am EST
. >> that does it for us today. we'll see you tomorrow. right now it's time for "squawk on the street." >>> good morning. happy monday. welcome to "squawk on the street." i'm melissa lee live from the new york stock exchange. we're kicking off what could be a very busy week on wall street. the presidential election is tomorrow. look at how we are setting up. implied opens across the board to the downside s&p looking to lose 2.5 at the open. as to europe that's where action is. jitters about greece and the bailout plan sending markets there lower. italy down 1.4%. voters cast their ballots in the presidential election here. greece must win key support for measures necessary for a bailout and delegates meet in china to decide a major change in leadership. >> 3 million is the number of ipads and ipads minis sold this weekend sending stock higher premarket. the question is what's the breakdown and can this reverse the steady decline in shares since they hit the record high of more than 700. >> recovery from sandy continues. manhattan gets power back and most subway service is restored although milli
CNBC
Nov 7, 2012 9:00am EST
you both. we'll have you both back very soon. that does it for us today. make sure to join us tomorrow. right now it's time for "squawk on the street." >> whether i earned your vote or not, i have listened to you. i have learned from you. you have made me a better president. with your stories and your struggles, i return to the white house more determined and more inspired than ever about the work there is to do and the future that lies ahead. >> president obama wins a second term in the white house but of course now the hard part begins. can he and congress agree on how to avoid the fiscal cliff just 54 days from now? good morning. welcome to "squawk on the street." i'm carl quintanilla with melissa lee, jim cramer, david faber. as you can see once again, down triple digits. a lot of news out of europe today as attention turns to greece and parliamentary vote there regarding austerity measures later on. democrats gaining seats in the senate. republicans maintaining control of the house. >> the issues that were a tossup are now certainties. we'll get cramer's take on how to align your
CNBC
Nov 30, 2012 9:00am EST
. >> it's moon cussers tonight. >> thank you. appreciate it. >> nice to be here. >> join us tomorrow -- not tomorrow. join us monday. "squawk on the street" is next. >>> good friday morning. welcome to "squawk on the street." i'm melissa lee with carl quintanilla and jim cramer. david faber has the day off. we have november ism due out later this hour to watch for. as for picture in europe, we did have eurozone unemployment ticking higher slightly. a mixed bag there. little change overall in europe. our road map this morning starts with what else? the fiscal cliff. the president heads to a pennsylvania toy factory pressing his case for a proposal that actually leaked last night seeking 1.6 trillion in tax hikes. republicans in morning balking and cliff fears prompt another company to issue a dividend and it's whole foods. >> owner of taco bell, kfc, have warned that sales hit the skids. the shares yesterday hit a fresh high. >>> facebook unlikes zynga. zynga shares are plummeting this morning on the news. >>> never an ego boost for the ceo when the stock falls on the news that he's k
CNBC
Nov 21, 2012 1:00pm EST
time, 2:00 p.m. eastern time here in the u.s. the deal announced by the egyptian leader, mohamed morsi, and secretary of state hillary clinton. it was later confirmed by israeli president benjamin netanyahu. comes just hours after a bomb blew up on a bus in the heart of tel aviv. dozens were injured. so far no claim of responsibility but hamas called it a blessed event. within the last few hours, israeli air strikes continued in gaza. this is video of secondary explosions when an hamas weapons depot was hit. michelle caruso-cabrera, our chief foreign correspondent is watching reaction at the nyse. michelle? >> that pushed the dow to the highs of the session. the announcement of the cease-fire got us another 25 points. we have come off the highs, 12,839 is where the dow stands right now, higher by more than 50 points, .4%. president obama reportedly just spoke with israel's prime minister benjamin netanyahu. john harwood joins us now. john, what can you tell us? the white house had a lot at stake here by sending hillary clinton to try to get this resolved. >> reporter: absolutely. and t
CNBC
Nov 1, 2012 9:00am EDT
restored to the island of manhattan. >> not only that people are using cars more and more to get around because of the public transport limit people with generators need gas line to run them. >> wait until you hear the one on the distraught. i'm going to cancel. it just seems like a bad idea in terms of you drink a little too much. i'm not a big gasoline and fiber. >> and monster drinks are about as far as i'm willing to go on that front, as far as box drinks. >> there's an awful lot of cane in new orleans. >> jim just broke, for a minute it was exclusive. phil jones us talking about mall mali staying at ford. >> we're listening to the conference call where mallalay and -- one thing to keep in mind that's very important is that he did not want to just lead ford because this is a company that has a long and really a bad track record when it comes to ceo succession. he looks at his tenure, the beginning fixing the company, the middle running it as it is now. and then the transition into the next ceo. and that's really the best way to look at this. he wants to make sure that that transitio
CNBC
Nov 2, 2012 3:00pm EDT
we ha -- wow. we have to leave it there. >> sheep never use their turn signal. that's their problem. otherwise i have no problem. thanks for watching, everybody. >> have a great weekend. a safe weekend. keep warm. "closing bell" is next. >>> hi, everybody. happy friday to you. welcome to the "closing bell." i'm maria bartiromo at new york stock exchange. job creation up, but so is the unemployment rate. stocks are down. we're seeing losses mount today as we approach the final stretch. >> i'm bill griffeth. investors not exactly taking comfort from the october jobs report. wall street remaining cautious, apparently, ahead of tuesday's presidential election. here's where we stand in the final hour with the dollar moving higher today. that's pushing a lot of asset classes lower. the dow now down 102 points just off the lows of the session at 13,130. the nasdaq down 24 points, almost a full percent there at 2995. the s&p 500 index is also lower, down 8-plus points at 1418. >> i guess i would have expected a different reaction to these numbers today. so what is behind this slide in stock
CNBC
Nov 6, 2012 6:00am EST
of the u.s. economy. it's tuesday, november 6th, election day, 2012. "squawk box" begins right now. >>> good morning. welcome to "squawk box." i'm becky quick along with joe kernen and andrew ross sorkin and the polls are opening in various parts of the east coast as we speak. some 30 million americans have already voted, including the folks in the tiny village of dixville notch. this follows tradition, they voted just after midnight and with the lowest turnout in almost 50 years, this time around it was a tie. five votes for president obama, five for governor romney. back in 2008, president obama defeated john mccain 16-5. let's take a look at the map. 270 electoral votes are needed to win. nbc news now shows president obama with 237 likely. romney 206. and 95 in the toss-up column, so it is going to be a very long evening, andrew. >> i think we'll be staying up pretty late and then we'll be back at it tomorrow morning. but cnbc's team of reporters has the country covered this morning. stationed in battleground states, campaign headquarters and here at election central. among our
CNBC
Nov 1, 2012 5:00pm EDT
, the u.s. helping to give a boost with stocks across the board. and tech, a bright spot in today's session with notable moods. it's interesting, you go from the month of october where tech was the worst performing sector and moved into november and how quickly things changed. >> it felt like the first of the month, i'm not making light of it, i think that's a lot of what's going on. tech clear, microsoft performed well. intel to me, the most interesting one. finally catching a bounce for no apparent reason. here we are again at 1425, give or take, that was support on the way down a couple times. it's resistance on the way up. and here we are right now, my inclination is to stave this move, we'll know more in 12 to 14 hoyers from now. >> the semiconductor up 3%. it's almost as if people forgot about the forecast for the demise of the pc and said the month of november, we're going to go in, they're cheap, they're beaten down, and that's where the value is at this point. >> we've seen a big rotation trade. the most encouraging aspect of what's happened in the market over the last tw
CNBC
Nov 7, 2012 1:00pm EST
. >>> phil lebeau joins us now. he's got more on the late breaking news on boeing for us. what do you got, phil? >> sue, boeing is just announcing that it is doing what essentially is -- what they're saying is not a major restructuring but is nonetheless a further restriction and movement and consolidation of mid level executive position within the defense and space division. there are a number of executives moving around within that division. jobs that are being consolidated. they've cut off $2.2 billion out of their defense division over the last couple of years as they're trying to squeeze costs down because of the tightening defense budget. this is another step in which they're going to be doing that, moving around a number of executives. they just announced it. it does not look like we are looking at the reduction of the lower-down labor force. in other words, you're not looking at the blue collar entry level jobs within the defense division being squeezed out. but boeing is saying we need to continue consolidating within the mid level executive rank of our defense division as we con
CNBC
Oct 31, 2012 11:00pm EDT
lost loved ones. but in spite of the tragedy, in our own curious way, sandy has given us the opportunity for a boost since the government rebuilt southern florida after hurricane andrew in 1992. a reconstruction so huge, it moved the country's entire gdp needle just when we needed it, after right a nasty recession. and now that we've assessed the damage, or we're trying to at least, i'll have to tell you one thing. i think this looks like a possible replay of that hugely bullish. right after a nastier recession. you couldn't tell that today to. ford with terrific numbers because they're connecting with the building materials industry. those stocks performed best today with the ones that took matters into their own hands. we spoke to queen harbors after it bought safety queen. to diversify away from the oil and gas business. queen harbors may have been up huge anyway, simply because, well, it's queens harbors. precisely what sandy ordered. buyers love the acquisition. $8.91. 18% gain for the good guys. tonight we're going to speak with two other companies that want to make
CNBC
Nov 21, 2012 4:00pm EST
-on cnbc interview. good to have you on the program. thanks for joining us. >> sure, maria. >> well, tell us, what happened first yesterday at final mediation talks? was a deal ever close? >> you know, the judge has a gag order. he'll have my head if i talk about what went on during the mediation, but i think that he wanted to make sure that he did everything in his power to try to find a deal, if there was one to be found. you know, i appreciate the fact that he went through that effort. i was hopeful, but i think realistically that was going to be a tough thing to pull off. >> how much of an implication it was the fact the union leader did not show up to those mediation talks? >> well, the leader of the bakers union sent his second in command to the meeting. i think that part of what we needed to sort of focus on is the hole that's been created by the strike and the financial damage from that strike and our inability to produce at some of our critical plants. really just created a brand new hole that was too large to fill. bankrupt companies don't have a lot of margin for error to begin
CNBC
Nov 28, 2012 12:00pm EST
into christmas and heading into the new year. it would give us more time than nextr work together on a comprehensive plan to bring down our deficits, to streamline our tax system, to do it in a balanced way, including asks the wealthiest americans to pay a little more so we can still invest in things like education, training, science and research. now, i know some of this may sound familiar to you, because we talked a lot about this during the campaign. this shouldn't be a surprise to anybody. this was a major debate in the presidential campaign and in congressional campaigns all across the country, and a clear majority of americans -- not just democrats, but also a lot of republicans and a lot of independents agreed we should have a balanced approach to deficit reduction that doesn't hurt the economy hand doesn't hurt middle-class families. i'm glad to see, if you've been reading the papers lately, that more and more republicans in congress seem to be agrees with this idea that we should have a balanced approach. so if both parties agree we should not raise taxes on middle-class
CNBC
Nov 2, 2012 6:00am EDT
us for the report. and then we'll get reaction from the romney campaign with ron hubbard. that's at 8:40 eastern time. obviously a lot on our plates today. andrew, i'll send it over to you. >> the coast guard opening the port of new york new jersey on a restricted basis today allowing the backlog of barges containing gasoline and fuel into the area for the first time. how soon, however, will we see relief in the area impacted by sandy? that's the big question this morning. joe knows this very well, on my way in today, i had to take a taxicab for $125 because jeeves was this line to get gas, he was out of gas. >> i tried to take a car, my guy who i call -- he is not, but he nights as well be a former -- he has never failed. on on tuesday he came. and there have been snowstorms in the past where we've gone off the road, around, jack moved tractor trailers to get here's couldn't get gas. and so then i had to use -- i had a certain amount left in reserve. my gas tank is locked because people are siphoning now. >> it happened to one of our producers. >> there are people with guns. first 12
CNBC
Nov 2, 2012 9:00am EDT
to the numbers from dean mackey joining us from barclay's. good morning to you. >> good morning. >> any hair on the numbers, so to speak, as far as you can tell? >> i think this was a followed report when you look at the broad categories of job growth, when you look at the participation rate rise. the only underlying softness was in ourly earnings, but that really doesn't change the sfoer of where we've been. boug bottom line, the labor market has picked up some of the momentum after slowing down this summer. still a moderate recovery, though. >> yeah. the raining on expectationses w was 30,000 on one end. that beats even the top of the range. how could people have uniformly underestimated the number? >> the problem here is we're getting these upward revisions and so what happened last month the number was 114,000. that's been revised up significantly. if everyone would have known what that number actually was, we probably would have had higher numbers going into today's number. so it's just part of the game here, these upward revisions. >> look iing forward, dean, wit the hurricane and the
CNBC
Nov 2, 2012 1:00pm EDT
? how do you know it's all going to the right place? sue's out today. michelle caruso-cabrera is with us. >>> we're going to run you through with some video. help on the way from the west coast, from california. dozens of power trucks loaded on to giant air force cargo planes to help with power restoration. those things amazingly flying across the country all the way from california. the situation remains desperate in many neighborhoods in the tri-state area. these are pictures from this morning on staten island. there is virtually no power on the island. destruction is widespread. the secretary of homeland security janet napolitano will visit today. staten island is where the new york marathon will start on sunday. more subway service returning to manhattan, but not below 42nd street where power is still out in wide parts of the city south of that parallel. city officials say they may have to evacuate the marine life from the massive new york city aquarium based in brooklyn. the death toll from the storm nearing the 100 mark. despite the damage in atlantic city, that town's famous casin
CNBC
Nov 15, 2012 1:00pm EST
sonders, schwab's chief investment strategist is with us. she's fired up about the fiscal cliff. she says congress has to rise above -- she's wearing one of our pins, ty and simon. we'll talk to her about what the implications are if congress does not rise above. all of that straight ahead. >>> but first, i'll throw it down to simon hobbs down at the nyse. >> hi, sue. one of the immediate implications of course is the way in which the market is behaving. the dow is at a five-month low, the s&p 500 at a four-month low. we have just begun to cut some of our earlier losses within the last few seconds. we've regained 1.350 quite cover the comfortably. kenny, you are worried here now for the afternoon. why? >> i am worried. we were struggling to hold on to 1,350. you can feel it's testy. if the news coming out of the mideast gets any worse as we proceed through the day, i think you'll see investors taking money off the table as the situation develops. >> it goes on day after day. >> it does, except the situation now in the mideast is all of a sudden really elevated to the top between yesterday
CNBC
Nov 6, 2012 11:00pm EST
's get straight to john harwood at the maproom to give us more color on what we're seeing as the most recent poll closings. over to you, john. >> we're almost completely closing the map of coloring in the map of all the states we knew in advance where they were going to faull. the only state where polls have not closed yet is the state of alaska. we're very confident mitt romney is going to win that based on polls before the election. so we're really waiting for those seven battleground states that haven't been filled in yet. again, to reiterate, as we've talked about before, if president obama wins the state of florida this race is over. he's going to be re-elected for a second term. but if mitt romney wins it, he's got to also win north carolina, he's got to win virginia, where it's very close, and he's got to win the state of ohio, which is really a big one hanging out there. president obama is hoping to check mate mitt romney by winning the state of nevada, where he had been favored going into election day, and the state of ohio where he'd held a persistent lead in the polls. obam
CNBC
Nov 27, 2012 6:00am EST
more for us from london in a few minutes. >>> back here in the united states, the house returns from its thanksgiving break today. the senate was back yesterday. meantime today president obama will be meeting with small business leaders. at issue of course is the series of tax increases and spending cuts that kick in at the end of the year if congress doesn't act. >> there will come a point in time where we can't borrow anymore money and interest rates will sky rocket. >> cnbc's raise above campaign continues. we're asking who has the courage to rise above partisan politics and find a solution. among our guests, three men who understand washington, wall street and corporate america very well. we have the chairman of president george w. bush's council of economic adviser, ed lazear, roger altman, and real estate tycoon don peebles. but let's cover this morning's top headlines. >>> we do have a lot in the corporate headlines this morning including equity residential and avalon bay communities agreeing to buy archstone from lehman brothers holdings. the price tag, about $6.5 billion in
CNBC
Nov 1, 2012 6:00pm EDT
that the u.s. matters. but let me use this rally today to help you understand the world of expectations. not reality. not reality at all. but expectations. >> house of pleasure. >> and how do expectations matter so much more than what has already happened? we're in the midst of earnings season. the bulk of technology reports are already reported. the first was that the united states was holding its own. maybe getting a little better. power behind consumer spend. the fiscal cliff looming but still the positive. second is that europe's a disaster and the most important thing you can do is distance yourself from the continent. ask companies like alcoa and ford. the third, that china had become a big disappointment. yeah, china. and it wupt going to turn around any time soon. certainly not in time to help 2012. this came from a decline in orders. they all articulated as such on a recent conference call. companies that have been optimistic that china was about to turn, that the growth was about to kick in collectively seemed to give up all at once on the clos sus. nobody had been more upbeat
CNBC
Nov 5, 2012 11:00pm EST
call me at 1-800-743-cnbc. the eve of the election is upon us. and the market is confused. dazed and confused about what to do, and confused about what matters if president obama is re-elected or not. the indecision over the outcome played out once again in today's quiet session. the dow gained 19 points. s&p rallied. nasdaq advanced .59%. tonight i want to show you what really matters in stocks, why they might go up or down independent of the election. don't worry, i'm going to give you some picks for an upset by governor romney, although i'm on record thinking it's most likely not going to go the governor's way. but i bow to popular demand. first up, let's figure out how stocks have really done under president obama, and i'm going to use a prism that i haven't seen anyone else use, the five-year lookback. you cannot use the inauguration day as the starting point. there's too much priced in at that point. almost every stock is higher, so it's irrelevant. the s&p is up 75% from inauguration. we need to go back to when the great recession was just about to begin. it became clear t
CNBC
Nov 6, 2012 7:00pm EST
. that's what put this state really into play in this election cycle. we didn't used to pay much attention to virginia before but it is close. that's why both candidates have spent so much time in this state this year, the two candidates as well as their running mates doing over 90 appearances in the state just since august 31st. president obama did nine rallies. governor romney held ten rallies, spent $131 million just in television ad campaigns. so again, this state running very close right now. this is going to take a couple more hours. back to you. >> as you point out, diana, the new virginia is different from the old virginia. nbc news, let's recap right now, has projected that mitt romney is the winner in the state of indiana. and there you see 11 electoral votes in the romney column. nbc news also projecting mitt romney the winner in the state of kentucky with 8 electoral votes based on 5% of the polling data in. president obama is the projected winner in vermont as expected. that is 3 electoral votes. >> we still have too early to call in georgia according to nbc news, th
CNBC
Nov 15, 2012 5:00pm EST
. lionsgate vice chairman tells us what the company needs for the bottom line. what the unrest could mean for the markets. but first, our top story. that is the markets extending their selloffs. the s&p 500 now down nearly 8% in two months. the nasdaq 100 down 11%, firmly in correction territory. the s&p 500 has lost more than $600 billion in market cap since the president was re-elected. so the markets here? >> there's no real reason to rush in. why don't you just wait another month, month and a half or so and see how it all plays out. to me, you're looking at higher taxes and a timeline that is not conni conducive to a fix. the market needs a long-term fix. entitlements are the biggest issue and they don't have enough time to fix it. >> in terms of technicals, another select death match is out there. we're going to grind possibly lower do. the technicals matter in this weird situation? >> i think they matter. i think we've done a decent job identifying them. i was surprised we didn't bounce more than we did. but now i think 1323 comes into play. we can discuss why that is later. but i c
CNBC
Nov 2, 2012 12:00pm EDT
into the weekend. they had a nice run. still enough uncertainty and obviously with the election in front of us, there's enough questions that are unanswered at this point in time that you can understand why a lot of folks who caught it would want to get out. >> dr. j, are you surprised we're not seeing a better reaction in the ma? >> not really, judge. i mean, although the number was better than some of the dismal projections for the employment number, this is certainly still not a good number. i mean, we're not seeing job creation as we need to see, and there's the impact, of course, that we see on our screens as well as every network throughout the day for gdp going forward because of the shutdowns and potential for everything from mold to folks not being able to get their basements dried out because they can't even run any kind of pumps, generators, or anything else. there's a lot of issues, and, quite frankly, i'm surprised we're not down more, judge. >> mike murphy, are you? i think even the fiercest critics of the administration are finding it difficult to criticize this most recent jobs
CNBC
Nov 5, 2012 5:00pm EST
the dollar. we've had, for example, people expecting that qe would lead to a big crash in the u.s. dollar. it didn't really do that. i think part of what we're seeing in the u.s. dollar is the question mark still about europe now. you have the greek situation and the bunt coming up for a vote there, some uncertainty as to where that's going to go. so that may be weighing a bitton euro helping the dollar. i think the dollar is much more now in play with what is going on in the rest of the world, rather than a u.s. story per se. >> avery, good to talk to you. avery shenfeld. be sure to keep it locked into cnbc for all your election day coverage tomorrow. we kick it off at 5:00 p.m. >>> apple posting better than expected sales of the ipad mini. our guy adami gave a little trade school on when to buy apple stock. take a listen. >> well, i would use sort of 610 as a pivot. 610 i think a close above 610, it breaks out again towards the upside. >> all right. the stock popped today, closed above the 575 level. what do you do now? >> the low on friday was 575.75. it doesn't really matter what you
CNBC
Nov 1, 2012 12:00pm EDT
canned goods and things like that. when we have something of this magnitude, are not a good use of everybody's time, but if you want to make cash dions to advance new york, 311 or nyc.gov. 100% of your donations go directly to relief efforts and organizations. what those will be is something for next week. we're at the point here where we have to focus all our attention on taking care of those who don't have a place to sleep, food and about whether the buildings they came from will stand up. as i've stressed for the past several days, getting new york city back on it feet, meeting two pair mount challenges. restoring mass transit and electric power to areas where it's been disrupted. mta did a phenomenal job of getting subway service restored and i want to thank governor cuomo and the mta chairman for deciding to wave the fares on all subways and buses through tomorrow. it was the right decision. wish they'd do it all along. unfortunately, they can't until shelley silva comes up with another way of funding them, but i would never say that here when shelley's standing next to me.
CNBC
Nov 1, 2012 7:00pm EDT
michelle caruso-cabrera. five days before the election. is new york mayor mike bloomberg using hurricane sandy to score political points by endorsing barack obama? rudy giuliani will be our special guest. >> and why are politicians brow beating insurance companies in to how to run their businesses? it eats an attack on free market capitalism. >> a special edition of the "kudlow report" begins right now. >>> sandy, the road to recovery. the cost of sandy's destruction on the rise. gas lines stretch for miles. and so does the traffic jams. billions still without power. food getting scarce. nerves break. how past can we rebuild? tonight we look for answer. plus the markets rally and the reaction of a lifetime days away. this is a special edition of the "kudlow report." >>> hurricane sandy may be over, but tonight many in the northeast remain without basic needs. power, water, gasoline, and the road to recovery looks grim. here's what we know right now. total losses in sandy, now estimated to be $50 a billion. that according to a disaster modeling company. ranking it second only to hurricane
CNBC
Nov 29, 2012 5:00pm EST
javers joins us with the latest on the fiscal cliff negotiations in washington. eamon. >> and this is a big one, melissa. "the wall street journal" reporting just within the past few seconds here that according to republican congress aides who have talked to the wall street journal, they say they've obtained a copy of the white house's proffer here in the fiscal cliff negotiations. this is the proffer that apparently treasury secretary tim geithner was talking to republican leaders about today. wall street journal citing a number of specifics from this proposal. let me walk you through them and lay out the implications starting with what aides describe as the white house wanting $1.6 trillion in tax increases up front as part of any new deal. the white house wanting to continue the payroll tax credit or similar policy. the white house saying that it wants a permanent increase in the debt limit and pushing a one-year extension of jobless benefits plans. this one will be the kicker, i think, to any deal that might or might not get hashed out on capitol hill. "the wall st
CNBC
Nov 2, 2012 7:00pm EDT
for you right i'll see you monday. >>> hey, larry, what do you have for us? >> jimmy, the election is dominating stocks right now. good evening, everyone. i'm larry kudlow. this is the kudlow report. our top story this evening, four days before election day. and the race between president obama and mitt romney could not be any tighter. >> four more days! four more days! >> all right. the president today telling his liberal supporters that the mere mention of governor romney to exact revenge. >> no, no, no. don't boo. vote. vote. voting's the best revenge. >>> and thank you, again, vice president joe biden, for yet another gift. >> there's never been a day in the last four years i've been proud to be his vice president. not one single day. not one single day. >>> and we ask a key question tonight. is hurricane sandy so much worse with the loss of life and incredible suffering covering a third of the country? is that going to put voters in an angry, frustrated and ugly place? so much so that it damages president obama's re-electionesre-electio re-electionest. >>> we begin tonight wit
CNBC
Nov 2, 2012 5:00pm EDT
to reduce the call. go to the high strike where you make the most money. that said, dan, walk us through the trade. >> sure, so the stock gap 19% of earnings on october 23rd gave back about 15% of that. i think 20 is probably a floor regardless of that 777 million shares that come off lockup so here's a way to define your risk and play for a bounce right after that lockup. it could also be a good stock replacement strategy if you're long and worried about the volatility so today when the stock was about 21.15 and i did it in small size, a trade you want to pick out during the course of the week if you agree with me, if it was 21.15, i bought the 22, 24 call spread in november. those are the november 17th expiration calls so i bought one of the november 22 calls for 45 cents and sold one of the november 24 calls against it for a dime. cost me 35 cents. that's my maximum risk so i make money between 22.35 and 24 and 24. i make up to 1.65. about four times my money. above that i make the full 1.65. between 22 and 22.35 i lose up to that 35 cents and below 22 i lose that 35 cents. remember h
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